The art collector's handbook: the definitive guide to acquiring and owning art
With the rapid and unprecedented global expansion of the art market, new collectors are emerging every day. This new edition of Mary Rozell's definitive handbook is required reading for new and experienced collectors alike, as well as for anyone aspiring to a professional career within today...
Gespeichert in:
1. Verfasser: | |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
London
Lund Humphries
2020
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Ausgabe: | Revised edition |
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Zusammenfassung: | With the rapid and unprecedented global expansion of the art market, new collectors are emerging every day. This new edition of Mary Rozell's definitive handbook is required reading for new and experienced collectors alike, as well as for anyone aspiring to a professional career within today's art market. Fully revised since its first publication in 2014 to reflect the many changes which have taken place in the art market, in art law, and in the practice of collecting, it now includes a completely new chapter on private museums.0Mary Rozell draws on her long experience as an art collection professional and an art lawyer to illuminate some of the myriad issues that arise when owning an art collection. Covering acquisition, inventory management, the insurance, security, storage and conservation of collections, art financing and investing, and the sharing and de-accessioning of artworks, this meticulously researched but accessible book is an essential guide to the fascinating business of collecting |
Beschreibung: | 264 Seiten Illustrationen |
ISBN: | 9781848224018 |
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Datensatz im Suchindex
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adam_text | Contents Preface 9 Acknowledgments 11 Part One COLLECTION BUILDING 1 Acquisition l6 Markets, Sources, Approaches 17 What to Collect? 17 Buying from Art Dealers 19 Art Fairs 25 Buying Art at Auction 26 Buying Art Online 30 Art Advisors, other Intermediaries and Related Conflicts 32 Studio Visits 33 Commissioning a Work of Art 36 New Technology Digital Art 37 Buying Art with Others 39 Restrictions and Additional Expenses 40 Restrictions 40 Taxes 41 Due Diligence 43 Caveat Emptor: An Opaque Marketplace 43 Provenance 46 Condition 47 Title 48 Authenticity 30 Blockchain 34 Moral Rights and Intellectual Property Rights 34 Ascertaining Value at Time of Purchase 36 Following the Market 57 Part Two ESTABLISHING THE SCOPE AND VALUE OF A COLLECTION 2 Inventory Management 60 Collection Management Systems 61 Files 62 CMS Options: Excel, Software, and Relational Databases 64 CMS Options: Web-Based Systems 66 Reports 68 Costs and Service 68 Cataloguing a Collection 69 Cataloguing Checklist 70 The Importance of Consistency 77 What is “Art” for Cataloguing Purposes? 78 Outsourcing Inventory Management 79
Contents 5 3 Valuation 8o Valuation v. Appraisal 80 Choosing an Appraiser 80 Alternative Sources for Valuation 82 What Kind ofValue? 84 Valuation Factors 84 Authenticity 85 Quality 85 Rarity 86 Prints and Multiples 87 Condition 88 Provenance 90 Publications and Exhibition History 91 Geographical Context 92 Size 92 Other Factors 9y Approaches to Valuation 94 When Are Appraisals Needed? 94 How Often Should Value Be Assessed? 96 Appraising an Entire Collection 97 Valuation Methodology and Reports 97 Costs 98 Self-Assessing Value 98 Part Three COLLECTION MANAGEMENT 4 Insurance 100 Fundamentals 102 The Policy 102 The Broker 103 The Carrier 103 Art Insurance 104 What is “Art” for the Purposes of Art Insurance? 106 Costs 106 Itemized v. Blanket Coverage 107 “All Risk” 108 Exclusions 109 Title Insurance in Other Considerations 113 Is the Collection Insurable? 113 Claims 113 The Adjustment Process 114 Work by Living Artists 113 “Buy Back” Agreements 116 Tax Implications 117 The Collector’s Obligation Vis-à-Vis the Insurer iij Loans 118 Is It Worth It? 118 5 Shipping, Storage, Framing, and Installation 120 Shipping 120 Choosing a Shipping Company 121 Process: Estimates, Subcontracting, and BOLs 123 Most Direct Route 125 Third-Party Shipments 125 Packing and Crating 126 Conditions ofTransport 128 FedEx Custom Critical Services (Domestic US Trucking) and FedEx 129 Insurance 129 Taxes and Customs 130 Temporary Imports (Bonded Warehouses) 132 Self-Transport and Handling of Artworks 133 Art-Shipping Case Study: Gustav Klimt’s Portrait of Adele Bloch-Bauer I 133
6 THE ART COLLECTOR’S HANDBOOK Storage 136 Choosing a Storage Facility 137 Self-Storage 139 Accidents Happen 139 Framing 139 How to Approach Framing 141 A Question of Style 143 Frame Collecting 144 InstaUation 143 Guidelines 146 Lighting 149 Security 150 6 Conservation and Collection Care 152 Background 132 Terminology: Restoration v. Conservation 132 History 133 Context: Some Conservation When is a Conservator Needed? 133 Before Acquisition 133 When a Work is Damaged 136 Cleaning/Age Deterioration 137 General Collection Maintenance 139 Collection Care Challenges 160 Light and Heat 160 Temperature and Relative Humidity 161 People 162 Photography 162 Contemporary Art 163 Disaster Prevention and Recovery 166 Emergency Contingency Plans 166 Post-Disaster Recovery 167 The Conservation Process 168 Finding a Conservator 168 Costs 169 The Treatment Proposal 170 Liability 171 Conservation and Collection Care: A Collector’s Obligation? 172 Part Four THE PUBLIC AND PRIVATE WORTH OF COLLECTIONS 7 Art Investing and Financing ľ/4 Investing in Art 173 Inadvertent Investing 176 Experienced Investing 177 Collective Investing (Private-Investment Initiatives) 177 Art-Investment Funds 178 Buying Shares of Art 183 Third-Party Auction Guarantees 183 Art Financing (Lending) 183 Using Collections as Collateral 183 Types of Lenders 187 8 Sharing Collections: Display, Loans, Publishing 193 Private and Semi-Private Display 193 Museum and Gallery Loans 193 To Loan or Not to Loan? 193 The Loan Agreement 198 Immunity from Seizure 199 UCC-i 201 Value During Loan Period 201
7 Contents Publishing 201 Digital Sharing 202 Caveats to Sharing 203 Copyright Law 203 Privacy 204 Conflicts of Interest 204 9 Private Foundations and Museums 207 Overview 208 Definition and Models 208 Historical Case Studies: Berlin and Miami 210 Motivations 212 Tax Advantages 213 Limitations 213 Long-term Sustainability 216 Part Five PARTING FROM COLLECTIONS Ю Deaccessioning, Gifting, and Estate Planning 2l8 Prerequisites: Information, Valuation—and Some Planning 220 Selling Art 221 Selling Through Auction Houses 221 Selling Through a Dealer 224 Consignment Agreements 226 Expenses and Other Considerations 227 Divorce 228 Gifts and Estate Planning 228 Lifetime Gifts 230 Bargain Sales to Museums 236 Disposition at Death 236 Trusts, Foundations, and Limited-Liability Companies 277 The 1RS and Valuation 238 Conclusion Notes 240 242 Bibliography Image Credits Index 259 25Ճ 258
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adam_txt |
Contents Preface 9 Acknowledgments 11 Part One COLLECTION BUILDING 1 Acquisition l6 Markets, Sources, Approaches 17 What to Collect? 17 Buying from Art Dealers 19 Art Fairs 25 Buying Art at Auction 26 Buying Art Online 30 Art Advisors, other Intermediaries and Related Conflicts 32 Studio Visits 33 Commissioning a Work of Art 36 New Technology Digital Art 37 Buying Art with Others 39 Restrictions and Additional Expenses 40 Restrictions 40 Taxes 41 Due Diligence 43 Caveat Emptor: An Opaque Marketplace 43 Provenance 46 Condition 47 Title 48 Authenticity 30 Blockchain 34 Moral Rights and Intellectual Property Rights 34 Ascertaining Value at Time of Purchase 36 Following the Market 57 Part Two ESTABLISHING THE SCOPE AND VALUE OF A COLLECTION 2 Inventory Management 60 Collection Management Systems 61 Files 62 CMS Options: Excel, Software, and Relational Databases 64 CMS Options: Web-Based Systems 66 Reports 68 Costs and Service 68 Cataloguing a Collection 69 Cataloguing Checklist 70 The Importance of Consistency 77 What is “Art” for Cataloguing Purposes? 78 Outsourcing Inventory Management 79
Contents 5 3 Valuation 8o Valuation v. Appraisal 80 Choosing an Appraiser 80 Alternative Sources for Valuation 82 What Kind ofValue? 84 Valuation Factors 84 Authenticity 85 Quality 85 Rarity 86 Prints and Multiples 87 Condition 88 Provenance 90 Publications and Exhibition History 91 Geographical Context 92 Size 92 Other Factors 9y Approaches to Valuation 94 When Are Appraisals Needed? 94 How Often Should Value Be Assessed? 96 Appraising an Entire Collection 97 Valuation Methodology and Reports 97 Costs 98 Self-Assessing Value 98 Part Three COLLECTION MANAGEMENT 4 Insurance 100 Fundamentals 102 The Policy 102 The Broker 103 The Carrier 103 Art Insurance 104 What is “Art” for the Purposes of Art Insurance? 106 Costs 106 Itemized v. Blanket Coverage 107 “All Risk” 108 Exclusions 109 Title Insurance in Other Considerations 113 Is the Collection Insurable? 113 Claims 113 The Adjustment Process 114 Work by Living Artists 113 “Buy Back” Agreements 116 Tax Implications 117 The Collector’s Obligation Vis-à-Vis the Insurer iij Loans 118 Is It Worth It? 118 5 Shipping, Storage, Framing, and Installation 120 Shipping 120 Choosing a Shipping Company 121 Process: Estimates, Subcontracting, and BOLs 123 Most Direct Route 125 Third-Party Shipments 125 Packing and Crating 126 Conditions ofTransport 128 FedEx Custom Critical Services (Domestic US Trucking) and FedEx 129 Insurance 129 Taxes and Customs 130 Temporary Imports (Bonded Warehouses) 132 Self-Transport and Handling of Artworks 133 Art-Shipping Case Study: Gustav Klimt’s Portrait of Adele Bloch-Bauer I 133
6 THE ART COLLECTOR’S HANDBOOK Storage 136 Choosing a Storage Facility 137 Self-Storage 139 Accidents Happen 139 Framing 139 How to Approach Framing 141 A Question of Style 143 Frame Collecting 144 InstaUation 143 Guidelines 146 Lighting 149 Security 150 6 Conservation and Collection Care 152 Background 132 Terminology: Restoration v. Conservation 132 History 133 Context: Some Conservation When is a Conservator Needed? 133 Before Acquisition 133 When a Work is Damaged 136 Cleaning/Age Deterioration 137 General Collection Maintenance 139 Collection Care Challenges 160 Light and Heat 160 Temperature and Relative Humidity 161 People 162 Photography 162 Contemporary Art 163 Disaster Prevention and Recovery 166 Emergency Contingency Plans 166 Post-Disaster Recovery 167 The Conservation Process 168 Finding a Conservator 168 Costs 169 The Treatment Proposal 170 Liability 171 Conservation and Collection Care: A Collector’s Obligation? 172 Part Four THE PUBLIC AND PRIVATE WORTH OF COLLECTIONS 7 Art Investing and Financing ľ/4 Investing in Art 173 Inadvertent Investing 176 Experienced Investing 177 Collective Investing (Private-Investment Initiatives) 177 Art-Investment Funds 178 Buying Shares of Art 183 Third-Party Auction Guarantees 183 Art Financing (Lending) 183 Using Collections as Collateral 183 Types of Lenders 187 8 Sharing Collections: Display, Loans, Publishing 193 Private and Semi-Private Display 193 Museum and Gallery Loans 193 To Loan or Not to Loan? 193 The Loan Agreement 198 Immunity from Seizure 199 UCC-i 201 Value During Loan Period 201
7 Contents Publishing 201 Digital Sharing 202 Caveats to Sharing 203 Copyright Law 203 Privacy 204 Conflicts of Interest 204 9 Private Foundations and Museums 207 Overview 208 Definition and Models 208 Historical Case Studies: Berlin and Miami 210 Motivations 212 Tax Advantages 213 Limitations 213 Long-term Sustainability 216 Part Five PARTING FROM COLLECTIONS Ю Deaccessioning, Gifting, and Estate Planning 2l8 Prerequisites: Information, Valuation—and Some Planning 220 Selling Art 221 Selling Through Auction Houses 221 Selling Through a Dealer 224 Consignment Agreements 226 Expenses and Other Considerations 227 Divorce 228 Gifts and Estate Planning 228 Lifetime Gifts 230 Bargain Sales to Museums 236 Disposition at Death 236 Trusts, Foundations, and Limited-Liability Companies 277 The 1RS and Valuation 238 Conclusion Notes 240 242 Bibliography Image Credits Index 259 25Ճ 258 |
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spelling | Rozell, Mary ca. 20. Jh. Verfasser (DE-588)1050456270 aut The art collector's handbook the definitive guide to acquiring and owning art Mary Rozell Revised edition London Lund Humphries 2020 264 Seiten Illustrationen txt rdacontent n rdamedia nc rdacarrier With the rapid and unprecedented global expansion of the art market, new collectors are emerging every day. This new edition of Mary Rozell's definitive handbook is required reading for new and experienced collectors alike, as well as for anyone aspiring to a professional career within today's art market. Fully revised since its first publication in 2014 to reflect the many changes which have taken place in the art market, in art law, and in the practice of collecting, it now includes a completely new chapter on private museums.0Mary Rozell draws on her long experience as an art collection professional and an art lawyer to illuminate some of the myriad issues that arise when owning an art collection. Covering acquisition, inventory management, the insurance, security, storage and conservation of collections, art financing and investing, and the sharing and de-accessioning of artworks, this meticulously researched but accessible book is an essential guide to the fascinating business of collecting Verwaltung (DE-588)4063317-2 gnd rswk-swf Kunst (DE-588)4114333-4 gnd rswk-swf Kunstmarkt (DE-588)4120630-7 gnd rswk-swf Sammlung (DE-588)4128844-0 gnd rswk-swf Art as an investment Art / Collectors and collecting (DE-588)4048476-2 Ratgeber gnd-content Kunstmarkt (DE-588)4120630-7 s Kunst (DE-588)4114333-4 s Sammlung (DE-588)4128844-0 s Verwaltung (DE-588)4063317-2 s DE-604 Erscheint auch als Online-Ausgabe, PDF 978-1-84822-402-5 Erscheint auch als Online-Ausgabe, EPUB 978-1-84822-403-2 Erscheint auch als Online-Ausgabe, MOBI 978-1-84822-404-9 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=032217758&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Rozell, Mary ca. 20. Jh The art collector's handbook the definitive guide to acquiring and owning art Verwaltung (DE-588)4063317-2 gnd Kunst (DE-588)4114333-4 gnd Kunstmarkt (DE-588)4120630-7 gnd Sammlung (DE-588)4128844-0 gnd |
subject_GND | (DE-588)4063317-2 (DE-588)4114333-4 (DE-588)4120630-7 (DE-588)4128844-0 (DE-588)4048476-2 |
title | The art collector's handbook the definitive guide to acquiring and owning art |
title_auth | The art collector's handbook the definitive guide to acquiring and owning art |
title_exact_search | The art collector's handbook the definitive guide to acquiring and owning art |
title_exact_search_txtP | The art collector's handbook the definitive guide to acquiring and owning art |
title_full | The art collector's handbook the definitive guide to acquiring and owning art Mary Rozell |
title_fullStr | The art collector's handbook the definitive guide to acquiring and owning art Mary Rozell |
title_full_unstemmed | The art collector's handbook the definitive guide to acquiring and owning art Mary Rozell |
title_short | The art collector's handbook |
title_sort | the art collector s handbook the definitive guide to acquiring and owning art |
title_sub | the definitive guide to acquiring and owning art |
topic | Verwaltung (DE-588)4063317-2 gnd Kunst (DE-588)4114333-4 gnd Kunstmarkt (DE-588)4120630-7 gnd Sammlung (DE-588)4128844-0 gnd |
topic_facet | Verwaltung Kunst Kunstmarkt Sammlung Ratgeber |
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